Accounting aspects of transitioning to accounting in a foreign currency – VIDEO

If the needs of the owners and management dovetail with the opportunities provided by law, and the decision is made to transition to a foreign currency for accounting, three key issues should be considered thoroughly before starting. What are these three key issues? What is required when preparing the opening balance sheet? Szabolcs Szeles, director of WTS Klient Hungary answers these questions in the video.

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Accounting aspects during transition of accounting to a foreign currency